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Mitsotakis puts Greece on war footing as plans progress to boost hospital capacity
PoliticsGreek Politicsthat research being done in Greece backed up the indication that only around 15 percent of those who have... is lining up an initial 2 bln in measures to support businesses and that it will suspend tax... up ICU capacity. Two hospitals, NMTS in Athens, which belongs to the public health system
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Waiting for Eurogroup outcome, ND and SYRIZA focus on economic interventions
PoliticsGreek Politicsto suppress the spread of the disease, the government has stepped up restrictions on some islands, amid fears... on the government’s ever-evolving plans to prop up the Greek economy. Speaking on Skai TV on Sunday... edging up to around 20 pct, bringing back bad memories from the recent economic crisis in Greece
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Coronavirus outbreaks highlight limited progress in disbanding hotspots for migrants
PoliticsGreek Politicsto the Greek government two weeks ago urging it to speed up the decongestion of the island camps in order... Frontiers, at Moria on Lesvos up to 1,300 people share a single tap, there is one toilet for each... countries have agreed to take in 1,600 unaccompanied minors. Both programmes are being held up
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Amid Eurogroup stalemate, Athens focusses on extra liquidity available after ECB move
Economyto borrow up to 2 percent of their GDP from the fund. In Greece’s case, this translates into 4 billion... available. The European Investment Bank has also proposed guaranteeing up to 200 billion euros of loans to struggling businesses if member states put up 25 billion euros. The other issue under discussion
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Parliament re-opens for business amid calls for greater scrutiny
PoliticsGreek Politicsthe topics up for debate are the draft insolvency legislation, including provisions on home... private sector workers. The scheme calls for a 40 percent salary top-up for employees over a period... environmental legislation and speed up in investments in green energy. Critics are concerned
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Eurobank submits final Cairo portfolio to Hercules while BoG mulls bad bank creation
EconomyBankingII is made up of retail loans worth 2.9 billion and Cairo III consists of business loans of large... Protection Scheme (APS) was launched by the Greek government to assist banks in offloading up to 30... remains the sole Greek systemic bank to have taken up the scheme. Alpha Bank via its Galaxy project
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Central government debt increases by 5.81 bln to 361.83 bln in Q1
EconomyMacroeconomythat T-bills made up 65.4 percent of all government borrowing, followed by fixed bonds (34.6 percent... to 58.09 billion, representing 16.1 percent of the debt. T-Bills came to 11 billion and made up 3...) debt made up 75.4 percent of the total, while short-term (up to 1 year) and medium-term (1 to 5 years
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Newsletter 252 -29/05/2020
-up to the EU Council on June 18 and 19. They also suggested that the fact Greece is fifth or sixth... keen to complete the groundwork for the creation of the bank so that it is up and ready to operate... the base scenario. The Greek government, which stands to gain up to 32 billion euros in grants and loans
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Alpha Bank posts net loss of 10.9 mln in Q1
EconomyBanking) of up to 12 billion euros in value. The bank’s management said that while proceedings had been... for Eurosystem funding is made up fully of European Central Bank funding. As at the end of Q1... of May 2020. Gross loans came to 49.1 billion as of the end of March 2020, up by around 400 million QoQ
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Eurobank net profits at 56.8 mln in Q1
EconomyBanking-performing exposure (NPE) formation was negative by 5 million in Q1. NPE stock edged up by roughly 30... 1.8 billion euros. Cairo II is made up of retail loans worth 2.9 billion and Cairo III consists... customers. These can span up to a nine month moratorium on interest and principal payments
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